I never used my broker license for a full time job even though I kept it active for about 30 years.i closed a few deals for other people and have only one real estate investment deal for myself.As a safety thing, right after you close on an improved property, get an insurance policy that will protect you if there is a loss.  

I'm asking for any experience and suggestions from any BP  members who have knowledge of a situation like this and what can I do to adjust my REI business model to deal with this.I didn't have flood insurance and hoping I get the FEMA grant that has been approved for the area.This is a very difficult time and thousands of people like me are doing everything we can to survive and come out of this in one piece. 

After two layoffs in the past 4 years, we have decided it is time to leave the corporate world behind and work as independent contractors, and take greater control of our future.

Then, I'll try a couple flips when I have more time and have networked with local contractors I trust

Hello BP,Im looking for real estate attorney and insurance broker in the New haven County CT.

It's a great option for now ... just please know what the future can hold and have a strategy in place for that.And if they're not paying their 1st mortgagee it could be that they're not paying the realty taxes and maybe they've let their insurance lapse. 

If the repairs are not computer, You should advise the homeowner to secure a FHA 203K loan, and you be the contractor if you are licensed.

Obviously I am pretty excited, but I am also in need of a recommendation for 2-3 contractor(s) to bid the job for me.

None were in flood zones so we have no flood insurance.

Will banks approve this and also allow for the mortgage insurance to be dropped from the loan?